1.

Record Nr.

UNINA9910791342803321

Autore

Greenberg Theodore S

Titolo

Politically exposed persons : : preventive measures for the banking sector / / Theodore S. Greenberg ... [and others]

Pubbl/distr/stampa

Washington, D.C. : , : World Bank, , c2010

ISBN

1-282-65746-1

9786612657467

0-8213-8333-7

Descrizione fisica

xviii, 103 pages : illustrations ; ; 26 cm

Collana

Stolen asset recovery (StAR) initiative

Altri autori (Persone)

GreenbergTheodore S

Disciplina

364.16/8

Soggetti

Money laundering - Prevention

Financial institutions - Corrupt practices

Political corruption

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

pt. 1. Introduction and general observations -- pt. 2. Implementation of international standards on PEPs by banks and regulatory authorities -- pt. 3. Role of regulatory authorities and the financial intelligence unit -- pt. 4. National cooperation, training, and resources.

Sommario/riassunto

In recent years, the revelations of grand corruption and the scale of the plunder of state assets has led to greater scrutiny of financial relationships with politically exposed persons (PEPs) and potential money laundering risks associated with these customers. PEPs-individuals who are or have been entrusted with prominent public functions, their family members, and close associates-represent a greater risk because of the possibility that such individuals may abuse their position and influence to accept and extort bribes and misappropriate state assets. Implementation of an effective PEPs reg